Dangote Reiterates $30 Billion Revenue Target Despite US Tariff

Aliko Dangote, Africa’s richest person, said his group is on track to generate total revenue of $30 billion next year, even as companies fret over the potential impact of US President Donald Trump’s tariffs.

The chief executive officer of Dangote Industries Ltd. said his businesses, which include a giant 650,000 barrels-a-day oil refinery in Lagos, Nigeria’s commercial hub, will add at least $5 billion of revenue in 2026 from $25 billion this year.

Aliko Dangote

Photographer: Victor J. Blue/Bloomberg

Trump’s tariffs spared oil and gas exports, allowing Dangote Petroleum Refinery to keep selling its products to the nation. The billionaire’s firm also sells ...